Scandinavia: Paper Label Market 2024

Paper Label Market Size in Scandinavia

The Scandinavia paper label market surged to $X in 2021, jumping by 242% against the previous year. Overall, consumption recorded a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Paper Label Production in Scandinavia

In value terms, paper label production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 70%. The level of production peaked in 2021 and is expected to retain growth in years to come.

Paper Label Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in overseas shipments of labels of paper or paperboard, which increased by 4% to X tons in 2021. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 8.6%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, paper label exports rose rapidly to $X in 2021. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark was the main exporting country with an export of about X tons, which amounted to 58% of total exports. It was distantly followed by Sweden (X tons), constituting a 38% share of total exports. Norway (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Denmark (with a CAGR of +2.9%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

Among the main exporting countries, Sweden, with a CAGR of +1.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 9.2% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by 12% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-1.1%), while the other leaders experienced a decline in the export price figures.

Paper Label Imports

Imports in Scandinavia

In 2021, purchases abroad of labels of paper or paperboard increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, paper label imports expanded rapidly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 23%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons) and Sweden (X tons) represented the main importers of labels of paper or paperboard in 2021, accounting for approx. 42% and 30% of total imports, respectively. It was distantly followed by Norway (X tons) and Finland (X tons), together mixing up a 27% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +7.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper label importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together comprising 86% of total imports.

Denmark, with a CAGR of +2.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2020 when the import price increased by 2.9%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform